New Company Formed For the Import and Export of Glass Between
the U.S and South AmericaTo service the glass needs between the United States and South America, a
new company was established recently in MiamióInteramerican Glazing Group L.C.

Representing Kalciyan Glass Technology of Argentina, the companyís
objective is importing and exporting flat glass, mirror, manufactured products,
raw materials and other related products between the United States and South
American Countries.

According to the company, this venture represents a broad commercial business
and will allow other companies in the region to operate in the same manner.

Mexicoís Vitro Buys Large Stake in Portugalís ChavesMexican glassmaker Vitro SA has purchased a 60-percent stake in
Portugalís Vidraria Chaves for $3 million. The purchase was made through
Cristalglass, a Spanish flat glassmaker in which Vitro holds a 60-percent stake.

According to Vitro, it expects the Chaves purchase to further expand its
sales of laminated and duovent glass in Europe. The company currently holds a
35-percent market share in Spain.